WELLINGTON PUBLISHING CO.

Dominion, Volume 6, Issue 1614, 4 December 1912, Page 6

WELLINGTON PUBLISHING CO.

ANNUAL MEETING OF SHARE- , HOLDERS. The annual meeting of Shareholders of the Wellington Publishing Co. was held at the company's offices, Dominion Avenue, at noon yesterday, Mr. J. Duthie, chairman of directors, presiding. ■ _ Tho annual report and balance-sheet were presented.' . The report stated that ■the balance-sheet showed a satisfactory ■ position on the completion of this,. the fifth, year of tho company's operations. Tho year under review had been an eventful one, there being a marked increase m the company's business and a material improvement in its position generally. The chairman, in moving the adoption of the report and balance-sheet, remarked on the progress made during the year, and thought the increase in the company s net profit a matter for congratulation. Much had happened in the poiitiail world since the last moating of shareholders. The general election showed that the policy advocated by thoir paper was approved by the country, and tho Reform party, which had pledged itself, to many of the reforms advocated by Tim Dominion, was now in power. The change of Government was contributed to in great measure by-the advocacy of the paper, and by the able manner in which the editor and his staff consistently and persistently expounded its policy. Of Mr. Earle's courage and ability in the strenuous fight he could scarcely speak too highly. In the midst of must abuso and contumely, 6omo ot it of a directly personal character, he continued in what ho considered the path of duty calmly and unperturbed. He (Mr. Duthie) thought their oditor had earned and deserved a high meed of praise, anu tuis he was euro shareholders would join vlth him in according. ' As to the company's prospects, he felt that shareholders had occasion fo be well pleased. lhe revenue was steadily increasing; their atfairs had been placed on a very sound footing, aud the time had come when they could look forward with ;confidence W being able to enter on the dividend-pa) mg stage of their existence. At the present rate of progress ho hoped that at their next annual meeting it would be his pleasure to announce the company s anility to make some financial return to shareholders. ~ Mr. T. S. Weston seconded tho motion. Dr. C. Prendergast Knight «p«s*4 approval of the steps t«ken_ bj th n tors to place the business of the company, on tho sound footing disclosed. Tho motion was earned on * ho Tho election of Mr. C. W. j l ® l '® „ board of directors, in place of tho Hon. A. L. Herdman was confirmed Tho retiring diTcctors, .fclw s ' Johnston, M.L.C., and Mr W. C. Buchanan, M.P., wore Tho retiring auduors, Messrs. I>. »"• Hunt and D. R. Menzies, were re-elected W Mr P T e< S- Weston, in moving a vote of thanks to the directors, expressed appreciation of the services they had dered tho company.. The motion was carried with acclamation. On the motion of Mr. Buchanan, a vote of thanks was passed ta tho editOT (Mr, C W Earle), manager (Mr. A. Blanton), and staff, whoso services he eulogised. ; At a meeting of the board of director held subsequently, Mr. J. Duthio was reelected chairman oi directors for the enn .suing yeats